Donegal TDI
Member
- Joined
- Aug 2, 2006
- Messages
- 46
If only.
Anything that comes into the Country from the USA attracts an unavoidable hefty assortment of taxes and duties that are applicable for any non-EU country.
It's a pain, a real pain, so much trade could be heading for the US economy from Europe, but personal imports are deliberately discouraged with the tax regime here.
Firstly, whatever is bought in the USA and imported to Ireland is converted from Dollars to €uros at the exchange rate,
then the carriage is added on, then they take 21% of this, and this is the first tax amount that has to be paid. The 2nd tax is called a duty and the percentage rate depends on the type of goods. This must all be paid in full to the customs before the goods are released for delivery.
It's a right royal pain in the a*s.
Companies over here are mopping up, because as the value of the dollar falls, the €uro value does not follow suit, so someone is making a fat profit.
Anything that comes into the Country from the USA attracts an unavoidable hefty assortment of taxes and duties that are applicable for any non-EU country.
It's a pain, a real pain, so much trade could be heading for the US economy from Europe, but personal imports are deliberately discouraged with the tax regime here.
Firstly, whatever is bought in the USA and imported to Ireland is converted from Dollars to €uros at the exchange rate,
then the carriage is added on, then they take 21% of this, and this is the first tax amount that has to be paid. The 2nd tax is called a duty and the percentage rate depends on the type of goods. This must all be paid in full to the customs before the goods are released for delivery.
It's a right royal pain in the a*s.
Companies over here are mopping up, because as the value of the dollar falls, the €uro value does not follow suit, so someone is making a fat profit.